ISS Comments for the SEC Staff Roundtable on the Proxy Process

Institutional Shareholder Services Inc. (ISS) appreciates the opportunity to comment in advance of the SEC Staff Roundtable on the Proxy Process that is scheduled for November 15, 2018.  We focus these preliminary comments on two primary areas, proxy advisory firms and the proxy process.

Proxy Advisory Firms

As a registered investment adviser, we have a fiduciary obligation to our clients to provide  advice that is in their best interest.  In the free market, our clients hire us because we provide services they value and deem to be cost-effective.  We listen to our clients and make our vote recommendations based on … Read more